European institutions take urgent action on high energy prices

A Council Regulation has been adopted at European level setting a maximum ceiling on the market revenues that some generators obtain from electricity production. The cap is EUR 180 per MWh of electricity.

The Regulation also allows States to intervene in pricing to protect household customers and SMEs.

Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices was adopted.

The Regulation establishes a number of exceptional measures, which are limited in time. The measures covered include:

  • The establishment of an obligation on States to reduce their total gross monthly electricity consumption by 10% compared to the consumption calculated in accordance with the Regulation.
  • The establishment of a maximum cap on the market revenues that some generators earn from electricity generation. The cap is EUR 180 per MWh of electricity.
  • States can intervene in pricing to protect household customers and SMEs.
  • A temporary compulsory solidarity contribution is established for EU companies and permanent establishments active in the oil, gas, coal and refining sectors in order to contribute to the affordability of energy for households and businesses.

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